MercadoLibre Gets Serious in Brazil

MercadoLibre Inc. will “for sure” invest more than 3 billion reais ($718 million) in Brazil next year with a focus on financial services and logistics. The e-commerce pioneer in Latin America now worth $28 billion, plans to invest more in its financial services and payments unit while opening more distribution centers and seeking partnerships to cut delivery time further . . .

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See also: amazon, magazine luiza, B2W Cia Digital, San Paulo, MercadoPago, Azul, Alibaba, EBay

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